Chapter 3 Flashcards
A freehold estate is A. one acquired without paying anything B. any leasehold C. any estate wherein one may use the property as he wishes D. an estate of uncertain duration
D. an estate of uncertain duration
A person who dies leaving no will is said to have died A. intestate B. without heirs C. unbequeathed D. unwillingly
A. Intestate
Tenancy in severalty refers to
A. ownership by one person or one entity only
B. ownership by two persons only
C. ownership by at least three persons
D. a special form of joint ownership available only to married couples
A. ownership by one person or one entity only
The process whereby a person holding a claim against property can have the property sold to pay the claim is A. a lien B. a covenant C. a mechanic's lien D. a foreclosure
D. a foreclosure
Two people who own undivided interests in the same realty, which right of survivorship, have A. tenancy in severalty B. tenancy in common C. tenancy at sufferance D. joint tenancy
D. joint tenancy
A person who has some rights to land, but not all the possessory rights, has A. a life estate B. an interest in land C. an estate at will D. a fixture
B. an interest in land
A person who has color of title to land has
A. the appearance of title
B. forgeries of state title papers
C. a right to one-half the income from the land
D. foreign ownership
A. the appearance of title
Which of the following would not be real property?
A. a lease for one month
B. an easement
C. permanent ownership of mineral rights on someone else’s land
D. a life estate
A. a lease for one month
Adverse possession may establish A. use of property B. a claim to a title C. who owes back taxes D. homestead rights
B. a claim to a title
Fifty feet of land was added to Apple's farm because a river changed its course. This is an example of A. Accretion B. Avulsion C. Riparian rights D. Usufructory
A. Accretion
Fifty feet of beachfront land was removed by a flood. This is an example of A. riparian rights B. estovers C. avulsion D. emblements
C. avulsion
A person holding title to real property in severalty would most likely have A. a life estate B. an estate for years C. ownership in common with others D. sole ownership
D. sole ownership
Governmental land use planning and zoning are important examples of A. exercise of eminent domain B. use of police power C. deed restrictions D. encumbrance
B. use of police power
Land can be owned apart from the buildings on it under the arrangement known as a A. net lease B. life estate C. remainder D. ground lease
D. ground lease
An abstract of title contains A. the summary of a title search B. an attorney's opinion of title C. a registrar's certificate of title D. a quiet title lawsuit
A. the summary of a title search
Littoral rights for properties abutting the ocean give ownership
A. to the mean high-water mark
B. to a point 100 feet from the shore
C. to the state ownership line
D. to a point designated by the U.S Army Corps of Engineers
A. to the mean high-water mark
Personal property is best defined as A. anything that can be owned aside from real estate B. intangibles C. fixtures attached to real estate D. furniture and built-in appliances
A. anything that can be owned aside from real estate
The vertical boundaries of land ownership are best describes as
A. from the center of the earth to 1,000 feet above ground
B. from the surface of the earth to 1,000 feet below ground
C. from the center of the earth upward to the heavens above
D. from the surface of the earth to 1,000 feet below ground and 1,000 feet above ground
C. from the center of the earth upward to the heavens above
The type of co-ownership that allows an owner's property to be left to his or her heirs is A. tenancy by the entirety B. tenancy in severalty C. tenancy in common D. joint tenancy
C. tenancy in common
One who owns a life estate cannot A. sell his interest B. mortgage his interest C. devise his interest D. lease his interest
C. devise his interest
A fee simple estate is best described as
A. ownership got ones lifetime
B. complete ownership, subject to eminent domain, zoning, taxation, and other government land use limitations
C. interest in property as limited by a deed
D. ownership as long as one pays a fee for title
B. complete ownership, subject to eminent domain, zoning, taxation, and other government land use limitations
Your grandfather died intestate and you received his house. Title was acquired by A. will B. estovers C. descent D. mitigation
C. descent
A proprietary lease is a unique characteristic of what form of ownership A. condominium B. cooperative C. timeshare D. PUd
B. cooperative
The exercise of eminent domain results in A. seizure B. unjust compensation C. condemnation D. government authority
C. condemnation
Upon expiration of a life estate, the property passes to the A. life tenant B. beneficiary C. remainderman D. trustee
C. remainderman
A widower dies without making a will. His surviving children inherit the property by A. escheat B. law of intestate succession C. estover D. emblements
B. law of intestate succession
Which of the following provides the most complete form of ownership? A. fee tail B. fee simple absolute C. fee on condition D. leasehold
B. fee simple absolute
